All Forum Posts by: Kyle Callahan

Yep - moved a tenant in today - $300 positive cash flow.  Serendipity!  My partners and I (daughters) are most interested in the great parts of town, and we're looking mostly for development opportunities in the mid to long term.  Our goal is to - one at a time - green up the existing housing stock.  True that, deals are few and far between, and $300 is chump change, but it is positive, plus the next sale just down the street - admittedly larger - listed for $865, closed this week for $990. Yep - $125 over asking.  amazing..... Our company is women owned (Brittany and Torin are 60% combined).  I suggested they navigate to your site and dive into "Denver women invest" article.  Love to meet sometime!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $580,000
Cash invested: $120,000

Smallest home in the best part of town. My business partners and I purchased this to improve in the next year or two - plan to add +/- 1,500 SF when the construction market cools a little and material costs come down :). In the interim, we did a small energy upgrade, including increasing attic insulation by 4x, insulating water heater and pipes, caulking and gap sealing, added LED lighting and 220 V power to the garage for EV charging.

What made you interested in investing in this type of deal?

The opportunity to improve and add onto the home - small home set between two big ones creates great opportunity

How did you find this deal and how did you negotiate it?

The listing came out on Zillo - our high energy and effective real estate partners - Nicole Rufener and Antionette Wharton - counseled us on making a strong offer and made it happen

How did you finance this deal?

Conventional fixed mortgage thru Bank of the West in Boulder

How did you add value to the deal?

We've completed severl energy improvement and are mustering our Architectural talents to design expansion opportunities

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nicole Rufener and Antionette Wharton of Mile High Modern in Denver - best ever

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $580,000
Cash invested: $120,000

Smallest home in the best part of town. My business partners and I purchased this to improve in the next year or two - plan to add +/- 1,500 SF when the construction market cools a little and material costs come down :). In the interim, we did a small energy upgrade, including increasing attic insulation by 4x, insulating water heater and pipes, caulking and gap sealing, added LED lighting and 220 V power to the garage for EV charging. We also added some interior work, such as a new install of a recycled door and hardware. Doing our part to lessen the impact that our homes have on the planet!

What made you interested in investing in this type of deal?

The opportunity to improve and add onto the home - small home set between two big ones creates great opportunity

How did you find this deal and how did you negotiate it?

The listing came out on Zillo - our high energy and effective real estate partners - Nicole Rufener and Antionette Wharton - counseled us on making a strong offer and made it happen

How did you finance this deal?

Conventional fixed mortgage thru Bank of the West in Boulder

How did you add value to the deal?

We've completed severl energy improvement and are mustering our Architectural talents to design expansion opportunities

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nicole Rufener and Antionette Wharton of Mile High Modern in Denver - best ever

Hi, investors - I've been a BP member for a long time - have planned for years to create an Improve and sell practice.  My goal - buy properties and improve them for resale.  We're based in Boulder, Colorado.  The thing that I hope sets us apart is that we will consider sustainability is as a principle driver in the redevelopment - so air sealing, insulation improvements, new windows, doors, high performance mechanicals, solar arrays, ground or air source heat pumps, resiliency and resilient spaces (think covid inspired zoom rooms, home learning centers).  To make this pencil out, we will expand properties, of course sustainably with re-sourced materials, passive heating / cooling design strategies.  All said - I need to track the expenses and costs, buying, selling, holding, improving.  Is anyone aware of a good, free or cheap spreadsheet to help organize this endeavor?  Much appreciated for any advice.

The cost of entry into the Boulder Market is pretty steep.  So, I'm considering some of the communities on the periphery as first moves, or some of the more challenged communities in eastern CO (SE of Colorado Springs, NE of Greeley).  I am a committed sustainable architect (or I should be committed?).  For flips / fixers, I would need to at a minimum, for my conscience to be happy, add insulation to accessible places, such as attics, basements and crawl spaces, and install LED's in all of the built-in lighting.  For more intrusive (expensive) upgrades, if necessary, then windows, mechanicals, wall insulation, appliances, non-offgassing and recycled / recyclable finishes.  At the higher end, and thus unlikely at this point 'til I start developing my own projects, solar PV,  solar thermal, Ground source Heat pumps, etc.  My own home generates 110% of the electricity that we use, is outfit with LED's, a 95% furnace, great windows and insulation.

Thanks for the input! Want to isolate REI from the corp, which is for Architectural practice, multiple bank accts, etc. Going to set up separate REI project. I'll check with a local atty. I do value your input, Jeremy - thanks for that!

Hi -

I'm new at REI. I'm just setting up now. I have a small architectural practice (an S corp) and need to isolate my REI endeavors. I have heard that it is best to set up a master corporation for REI in general, and individual LLC's for properties. Can someone provide me with info or a link to the best setup arrangement? My plan is to start flipping, then fix and flip, then hold, then develop very green, sustainable properties. Any advice or links to good strategy papers would be appreciated. Thanks! k

shaping up to be a good season for boarding.  I too hope to get in some good days on the slopes.  Danged new business ops, plus a busy architectural practice, seem to be conspiring against me :)

Best!

k

It's a windy day here, outside of boulder, Colorado, and I am introducing myself to you in this forum.  I am a newcomer to real estate investing, having only completed  one transaction before - my primary residence. So, not much history or perspective.  I'm planning to build upon my experience gained as an Architect with over 25 years of experience, and define a new path in my architectural practice.  My goal is to find properties that need updates, and to then create new value by renovating them to be more sustainable (insulation, windows, equipment upgrades, air sealing, etc). Ultimately, new development on infill lots would be desired as well, in keeping with my sustainability focus.  looking within this organization for like minded individuals who want to collaborate.  At this time, i am in the setup phase and expect going live in January 2015.